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Complete Blood Count Device Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Complete Blood Count Device
What Is the Projected Growth of the Complete Blood Count Device Market?
The market size for complete blood count devices has been steadily increasing in recent years. It is projected to expand from $4.11 billion in 2024 to $4.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. This significant growth in the historical period can be ascribed to various factors like the escalating occurrence of infectious diseases, the rise in preventive healthcare awareness, the proliferation of diagnostic labs, the increase in public health screening plans, and a boost in the elderly population.
The market size of complete blood count devices is projected to witness significant expansion in the forthcoming years, escalating to a value of $5.51 billion in 2029, with a CAGR of 6.0%. The propelling factors for this growth in the projected period include the progression in hematology analyzers technology, merging of AI and automation in diagnostic procedures, increased demand for point-of-care diagnostics, escalated health care spending in developing markets, and a heightened frequency of chronic illnesses. Forecasted trends include the utilization of AI for results analysis, miniaturization for point-of-care testing, capabilities of wireless data transmission, the advancement of cartridge-based consumables, and the inclusion of multiplex testing features.
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What Are the Different Complete Blood Count Device Market Segments?
The complete blood count device market covered in this report is segmented -
1) By Device Type: Automated Blood Count Analyzers, Manual Blood Count Analyzers, Point-Of-Care Testing Devices, Hematology Analyzers
2) By Test Type: White Blood Cell Count (WBC Or Leukocyte Count), White Blood Cell (WBC) Differential Count, Red Blood Cell Count (RBC Or Erythrocyte Count), Hematocrit (Hct), Hemoglobin (Hbg), Platelet Count, Mean Platelet Volume (MPV), Mean Corpuscular Hemoglobin (MCH), Other Test Types
3) By Technology: Impedance Technology, Laser-Based Technology, Flow Cytometry, Microscopy
4) By Distribution Channel: Direct Sales, Online Sales, Third-Party Distributors, Retail Pharmacies
5) By End-User: Hospital, Diagnostic Laboratories, Research Institutes, Other End-Users
Subsegments:
1) By Automated Blood Count Analyzers: 3-Part Differential Analyzers, 5-Part Differential Analyzers, 6-Part And Above Differential Analyzers, Integrated Hematology Systems, High-Throughput Lab Analyzers
2) By Manual Blood Count Analyzers: Hemocytometers, Microscopes For Manual Differential, Manual Cell Counters, Staining Kits And Reagents
3) By Point-of-Care Testing Devices: Portable Hematology Analyzers, Handheld Complete Blood Count (CBC) Devices, Fingerstick Blood Test Devices, Rapid Diagnostic Complete Blood Count (CBC) Kits
4) By Hematology Analyzers: Low-Volume Hematology Analyzers, Mid-Volume Hematology Analyzers, High-Volume Hematology Analyzers, Veterinary Hematology Analyzers, Reagent-Free Analyzers
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What Are the Primary Drivers Shaping the Complete Blood Count Device Market?
The increasing incidence of blood-related ailments is anticipated to stimulate the expansion of the complete blood count device market. These disorders could disrupt the creation, functionality, or structure of blood cells, resulting in compromised blood performance. The escalation of such disorders is credited to the thriving prevalence of lifestyle-related diseases. Adverse dietary habits, lack of physical activities, and stress could trigger conditions such as anemia and problems with blood clotting. A complete blood count (CBC) equipment is instrumental in detecting such blood diseases by scrutinizing vital blood elements and recognizing any irregular properties. This enables medical experts to diagnose clotting disorders in a timely and accurate manner. For instance, data from the Canadian Cancer Society, a Canada-based organization, confirmed the diagnosis of multiple myeloma (a form of blood cancer) in 4,100 people, with 1,750 losing their lives to the disease in May 2024. Consequently, this escalating incidence of blood-related ailments is advancing the expansion of the complete blood count device market.
Which Companies Are Leading in the Complete Blood Count Device Market?
Major companies operating in the complete blood count device market are Abbott Laboratories, Siemens Healthineers, Mindray Medical International Limited, Beckman Coulter Inc., Bio-Rad Laboratories, Sysmex Corporation, Horiba Ltd., Nihon Kohden Corporation, Agappe Diagnostics Ltd., Trivitron Healthcare Pvt. Ltd., HemoCue AB, EKF Diagnostics Holdings plc, Erba Mannheim, Boule Diagnostics AB, Biosystems S.A., Diatron MI Zrt., Ajanta Export Industries, Labtron Equipment Ltd., Microlab Instruments Co. Pvt. Ltd., URIT Medical Electronic Co. Ltd.
What Are the Latest Developing Trends in the Complete Blood Count Device Market?
Key players within the complete blood count device market are channeling their efforts into creating advanced products like compact hematology analyzers. These are built to deliver quicker, highly accurate and cost-effective solutions specifically for point-of-care testing. These compact hematology analyzers are built for portability, ease of use, and provide rapid and precise complete blood count (CBC) results, even with a small sample volume. These features make them perfect for point-of-care applications, and ensuring diagnostic accuracy, efficiency, and ease of use, coupled with cost-effectiveness and easy maintenance. For example, in June 2024, HORIBA, an analytical and measurement technology corporation based in Japan, introduced the Yumizen H550E and H500E hematology analyzers. They are compact devices that combine erythrocyte sedimentation rate (ESR) testing with CBC and 5-part differential (DIFF) analysis. With the use of HORIBA's proprietary CoRA (correlated rouleaux analysis) technology, they deliver extensive results from whole blood samples in a mere sixty seconds.
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What Are the Top Revenue-Generating Geographies in the Complete Blood Count Device Market?
North America was the largest region in the complete blood count device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the complete blood count device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Complete Blood Count Device Market?
2. What is the CAGR expected in the Complete Blood Count Device Market?
3. What Are the Key Innovations Transforming the Complete Blood Count Device Industry?
4. Which Region Is Leading the Complete Blood Count Device Market?
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